Bitcoin in India: Legal or Illegal? Govt Could Declare Verdict in AprilAccording to a report, the Indian government could declare its position on the legality of bitcoin, the world’s most prominent cryptocurrency, in the country on April 20.
A report by regional investor publication MoneyControl has cited a government official aware of developments from an ‘inter-ministerial committee’ recently installed by the Indian Parliament to study the legality of the popular cryptocurrency. According to the source, the committee is tasked with giving its response on April 20.
The report adds that a final decision about bitcoin’s legality is unlikely to materialize during a meeting of the sub-committee on April 20.
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